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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

BP can thank Moscow for plenty of its jackpot profits

British Petroleum Moscow Rosneft Russia Kremlin
BP’s then chief executive Bob Dudley shakes hands with Rosneft’s then president Eduard Khudainatov after signing a global and arctic strategic alliance in 2011
BP’s then chief executive Bob Dudley and Rosneft’s then president Eduard Khudainatov agreed a strategic alliance in 2011. Photograph: Leon Neal/AFP/Getty Images

BP is just the latest major oil company to provoke political outrage after reporting its highest profits since 2013, fuelled by a year of record-breaking energy market prices that are adding to the UK cost of living crisis.

But the perception that BP has profiteered from the energy crisis has another dimension compared with similar accusations levelled against its peers.

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